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How Much Cryptocurrency Do You Have in Your Savings?

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Cryptocurrency is rapidly gaining popularity in Africa and people are beginning to invest in it. For most countries in the world, fiat has failed the people and it is easier for people to turn to cryptocurrencies. Countries like Venezuela, Zimbabwe, Cambodia and even South Sudan rely on an alternative source of money besides the countries currencies.

But then, despite the fact that cryptocurrency looks like an attractive investment choice, its volatile nature has got some governments issuing warnings to its citizens about investing in it. However this has not stopped people from investing in cryptocurrency. However, the question most people ask is how much should I invest in cryptocurrencies?

Look Before Taking a Leap

The first thing any crypto investor should have at the back of their mind is that all investments carry their own set of risks and reward variables, and digital currencies are no different. The next thing any would be investor should do is to research.

Small Beginning

The next step is to start small. Any crypto investor that’s a newbie should not expect to become a whale overnight so just invest in a small fraction of a particular cryptocurrency. Get use to the process of buying, selling and storing your crypto with just a small sum. If you make a mistake you can lose your money in an instant. If you send bitcoin to the wrong address, it’s gone. So start small to grow big

Do Not Invest More Than You Can Afford to Lose

Cryptocurrency is volatile in nature, bitcoin rose as high as $20,000 last year and its worth $8,198.30 as at the time this article was written. So if you wake up and discovered that your entire crypto portfolio was down, you’d be fine financially. It would hurt, but you definitely wouldn’t be in a disastrous situation.

What Your Portfolio Should Look Like

Well, Bitcoin is the first cryptocurrency and most cryptocurrency portfolio would likely contain a sizable portion of this digital crurrency. The other cryptocurrencies that should be in your portfolio should offer solutions that should keep them relevant for long. For instance, Ethereum has its  blockchain built in such a way that it can be applied to other industries and is not only limited to cryptocurrencies. Ripple, on the other hand uses a global consensus ledger and is popularly referred to as the bank cryptocurrency as it is increasingly being used by major banks and finance houses across the world.

 

The Stansberry Churchouse Research suggests that at least the minimum percentage of your saving portfolio that should be dedicated to crypto depending on your experience should be 1% and the maximum 5%. However this is subject to your experience in the space.
Cryptocurrency is gaining momentum continually and you you shouldn’t ignore it as you consider diversifying your investment portfolio.

 

What do you think about including cryptocurrency in your investment portfolio? Share your opinion with us in the comment section below.
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Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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I am a blockchain and cryptocurrency journalist fascinated with sharing the knowledge of this wonderful technology in the simplest language possible.

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Property Agents begin accepting cryptocurrency to Distinguish its Service

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Real estate brokers are seeking ways to stay ahead and tech-savvy real estate agents and brokers are now experimenting with cryptocurrency by accepting it as a means of payment. Recently, Ronnie Rickner, director of Rickner Charles in Dartford, Kent revealed that one vendor has already paid their fees in bitcoin. Ronnie revealed that the seller paid their fees in bitcoin for the sale of a £600,000 property in Rochester.

Ronnie is not the only agent thinking forward. Property Industry Eye reported that other agents are already utilising digital currencies for their transactions. Go Homes reported last year that it sold a property worth £350,000 in bitcoin. On the other hand, some property agents have started taking rent and deposits in the form of cryptocurrency.

Ronnie believes that agents need to stand out in the highly competitive market. With the rise of online agents, any agent not willing to embrace change might “risk becoming extinct”. Agents need to go beyond the box of corporate structure and give clients multiple choices of how they can purchase a property. He also added: “I hope that we can lead and innovate in ways we can help our customers and move with the times by not sitting in the same box.”
Ronnie revealed that he offers his clients the unique option of paying in other digital currencies such as ethereum and ripple. He also claims that the benefits are enormous as clients find the payment system more flexible and faster and overseas buyers equally benefit from lower transfer rates. However, the agent is still faced with meeting anti-money laundering obligations. Ronnie there was no law surrounding the money launching and cryptocurrency sector at the moment. He added, “We are closely monitoring any change in this legislation or our duties but we make sure that we do all the required checks on clients before we provide any services.”

 

Would you like to purchase or sell a property in cryptocurrency? Share your opinion with us in the comment section below.
Image credit: Pixabay

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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Cryptocurrency

Venezuelan Oil Minister to Introduce Petro to the OPEC for Trade in 2019

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Venezuela is constantly seeking for means to create relevance for its national cryptocurrency. To this effect, the Venezuelan Oil Minister Manuel Quevedo have revealed that the country will present its national cryptocurrency, the Petro to the Organization of Petroleum Exporting Countries (OPEC) as a means of payment in 2019.  

Venezuela’s oil company PDVSA revealed the report on its Twitter yesterday. Manuel Quevedo explained “We will use the Petro in OPEC as a safe and reliable currency to sell our oil in the world. We will introduce the Petro in the first quarter of 2019 as the world’s oil trading currency, selling all of our production in it.”

Although Venezuela is preparing ahead of 2019, OPEC which has of 15 intergovernmental nations has not yet scheduled its agenda for 2019. The OPEC website does not contain any information. However the next meeting for the oil organisation will be in Vienna, Austria on December 6th.

On the other hand, Venezuela has been able to produce 1.2 million barrels of oil  per day by early November. However the yield might drop to a million barrels per day. The country launched the sale of the Petro officially at the end of October. Petro can now be purchased directly from its official website or from six local crypto exchanges authorized by the government.

The Latin American country has suffered severe economic crisis. The International Monetary Fund (IMF) forecasts that inflation in the country may likely reach 1 million percent by the end of the year. President  Nicolas Maduro had taken actions to increase the usage of the Petro since September 1st by making it a unit of salary payment. However, critics believe that the company which backs the Petro, PDVSA is just a diversion. They claim that the company is in a $45 billion debt and showed no signs of any trading activity.

 

What do you think about Manuel Quevedo claims? Share your opinion with us in the comment section below.
Image credit: Pixabay

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

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Crypto Mulan; A Celebration of Women of Excellence in the Crypto space

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One of my favorite animation of all time is Walt Disney pictures, Mulan. Mulan is a story of bravery, selflessness and sheer intelligence. While watching the movie again after so many years, I couldn’t help but to think of how some of the women I admire most in the crypto space remind me of Mulan.

Faith Obafemi, blockchain lawyer and writer, a woman of great courage and intellect. She’s a crypto mulan. Defying the odds that has made the legal and technological space patriarchal.

Olayinka Oyediran, She is a real warrior welding her sword against cybercrime and preaching the gospel of cybersecurity.

Daisy Ozim is a crypto mulan utilising blockchain and crypto in the agricultural sector.

Telly Valerie Onu, hers is one of the loudest voices speaking up for diversity in the crypto space. She is the co-founder of Beyond Capital Markets, a financial innovation and crypto.

Sophia Ha Ho is not just a Blockchain entrepreneur, she cares deeply about gender equality and women empowerment.  

Jenifer Greyson is the CEO of Powered by Neureal and a force to reckon with in the blockchain space.

Ruth Iselema, she is a beauty in the brooding castle of the Nigerian crypto market. Despite been one of the few females in the space, she is leaving her footprints on the crypto sands of time.

Maureen L. Murat, is a lawyer and Founder/Chief Advisor at Crowdie Advisors. She is helping entrepreneurs gain access to financing via equity crowdfunding, ICOs and Token Sales. She is one person to pay attention to if you need advice on cryptocurrency tax obligations.

These women and others making an impact in the blockchain space are crypto Mulans. They are my crypto Heroines!!!

 

Do you know any woman changing the narrative in the blockchain space? Share your opinion with us in the comment section below.
Image credit: Swan Show

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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Cryptocurrency

Top Ranking Crypto Podcast Removed from Apple’s U.S iTunes Store

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Apple has reportedly removed a podcast named “Off the Chain” from its iTunes store. The podcast was hosted by crypto analyst and founder of Morgan Creek Digital, Anthony “Pomp” Pompliano. Prior to its removal, the podcast ranked 4th place in the U.S iTunes on the  ‘investing’ category. However, the podcast has been removed from iTunes and Pompliano claims that they did not receive a warning nor do they know why the action was taken.

The podcast hosted an episode last week before its removal where Pompliano interviewed Murad Mahmudov, one of the “highest conviction Bitcoin Maximalists in the world.” The duo had a discussion on the topic “The Ultimate Bitcoin Argument” where they talked about about the bitcoin, how it works as well as “how central banks and institutions should be thinking about Bitcoin.” According to a tweet by Pompliano, he explained that the episode with Murad ranked the podcast as number 4 in “US investing category before mysteriously being taken down by @Apple.”

Off the chain on iTunes

Pompliano tweeted that he hopes the the podcast’s removal is just a “coincidence”. He also claimed that although Apple took down the podcast, “they can’t take down Bitcoin!” Pompliano told Cointelegraph that they have sent emails to “multiple teams” and they still had not got a feedback. Also comments on Twitter revealed that the podcast could not be found through Apple store searches. Another Crypto podcaster Laura Shin tweeted and  suggested that there may be a glitch with Apple and that the removal might not be intentional. Pomp, however replied that it happened 5 days ago and the situation has not been resolved yet.

However, as at the time of writing, “Off the Chain” is still available on other podcasting platforms, such as, Libsyn, Spotify, Google Play and Stitcher.

 

What do you think about Apple’s actions towards the crypto related podcast? Share your opinion with us in the comment section below.
Image credit: Pixabay

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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